Build or Renovate Your Dream Home
Whether you are building or renovating your dream home, our Construction Loan programs offer flexible financing options.
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Build the home of your dreams
Fixed rate or adjustable rate options with a single loan closing.
Site built
Renovations
Modular
Tear downs
Program details
- Build a 1 unit, owner-occupied primary residence or second home on land you already own
- Purchase land and build a 1 unit, owner-occupied primary residence or second home
- Renovate or rehabilitate a 1 unit owner-occupied primary residence or second home
- Eligible property locations: Connecticut, Maine, Massachusetts, Vermont, New Hampshire and in certain New York counties.
Flexible financing to meet your renovation or new construction needs.
- Fixed rate and adjustable rate options
- One time closing means your loan automatically converts to a permanent loan once construction is completed
- You pay interest only on the principal amount disbursed during the construction period (billed monthly)
- When construction is complete, your monthly payment will convert from an interest only payment to a fully amortizing payment that will include principal and interest.
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